Sramana Mitra: Are you saying that you are willing to write a $5 million check on a concept if those criteria are there? Sumant Mandal: Yes. Sramana Mitra: That is unusual these days, because people want the pre-seed and the seed guys to finance the company to significant traction before they are willing to write
Sramana Mitra: As you know, we have run 1M1M as a global virtual company right from the beginning, so nothing changed in our workflow. We don’t do anything in person. Sumant Mandal: If you have kids at home, they are very keen for you to go back to the office, especially teenagers. Sramana Mitra: Yes,
If you have been bootstrapping and think you are ready for investors, you need to learn how investors think. First, please study our free Bootstrapping course and Investor Introductions page. Then start looking for entrepreneur – investor fit. Today I introduce you to Sumant Mandal. Sumant Mandal, Co-founder and Managing Partner at March Capital, emphasizes the impact of Covid
Sramana Mitra: One of the areas that I am watching closely is Platform-as-a-Service (PaaS). I don’t know if you read some of my writing but I have been writing about this for about a year or more. I have had lots of conversations with lots of companies that are either already doing PaaS strategy or
Sramana Mitra: What about geography? Are you only doing Silicon Valley? Cindy Padnos: No, we always had a broader view in that as well. We’ve had companies in New York, Philadelphia, Pittsburgh, Chicago, Canada, and Southern California. We have always had a broader view. My partner, Jennifer is in Seattle. We look deeply into the
Cindy Padnos: I don’t know if you know Neha Sampat, but she has a company called Contentstack. It is in the digital experience management space. We led her seed round of financing that enabled them to go from $1 million in ARR to over $4 million in less than a year. This was done with
Sramana Mitra: Were they Americans? What ethnicity were they to move to South Korea? Cindy Padnos: No, one of the founders is Chinese. The other is Indian. They were both born in their respective countries, but they were educated here in the US. They helped to build several companies here. The CEO had actually been
Cindy Padnos, Founder and Managing Director at Illuminate Ventures, discusses the impact of Covid on the fund’s portfolio, as well as the trends she sees. Sramana Mitra: Let’s start by welcoming back Cindy Padnos to our show. She is the founder and director of Illuminate Ventures and one of the active female investors in the